Scottsdale, Tempe, Chandler Tout New Tech Corridor
Calling it the "101 Science & Technology Corridor," the cities of Scottsdale, Tempe and Chandler are jointly marketing their new high tech hub to the rest of America. Their goal is for the corridor to become nationally known, like North Carolina's Triangle Park or Route 128 in Massachusetts.
The 30-mile corridor connects the three communities via the Loop 101 Freeway. It includes hundreds of research, tech and manufacturing companies, along with 10 educational institutions. Here, the average household income is $75,000.
The 101 Corridor starts just north of Scottsdale's Mayo Clinic and runs to Intel Corporation's Ocotillo Campus in south Chandler.
Scottsdale's Economic Development Manager, Katherine Hutton Raby, recently stated:
"As a group, we have this enormous basket of goods. If you look at the Valley as a whole, the greatest concentration of science and technology companies is in this corridor."
Biotech companies are coveted by cities for three reasons: they attract affluent residents, venture capital and stable jobs. This notion was underscored by Christine Mackay, an economic-development specialist for Chandler:
"Biotech is one of the entities that will never be offshored because of intellectual property rights in the U.S."
Origins of the 101 Corridor go back to 1958, when Motorola Inc. moved to Scottsdale. Later, during the 1980's, Motorola and Intel opened facilities in Chandler.
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